Oracle Slumps Post-Results, Facebook Gains a Fan at UBS, and 3 More Hot Stocks
Oracle Corp. (NASDAQ:ORCL): Shares are getting battered on Friday after the company reported slight misses to both its EPS and revenue for Q4. Positively, the company seems to have improved its sales execution — a problem in Q3 — and is pleased with its performance in Europe, given the general macro economic climate. It also declared a $0.12 per share quarterly dividend, double the amount of its prior dividend of $0.06. Larry Ellison promises cloud app/infrastructure partnerships with rivals Salesforce, NetSuite, and Microsoft will be announced next week for Oracle’s 12C database. Separately, Oracle will be shifting its stock listing to the NYSE from the NASDAQ on July 15th.